Columbia Financial, Inc.

Columbia Financial, Inc. Announces Q2 2026 Financial Results and Commences Quarterly Cash Dividend

Columbia Financial reported Q2 net income of $14.5 million, or $0.14 per share, up 17.7% from the prior year, driven by a 25 basis point expansion in net interest margin to 2.44%. The Board of Directors declared a quarterly cash dividend of $0.05 per share, payable August 26, 2026, marking the commencement of regular shareholder returns. Total assets grew 10.5% to $12.2 billion, largely due to the second-step conversion offering, while the company recently completed its acquisition of Northfield Bancorp.

•2mo ago

Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.

Columbia Financial completed its second-step conversion from a mutual holding company structure and a related $1.7 billion public offering of 167.2 million shares at $10.00 per share. Simultaneously, the company closed its merger with Northfield Bancorp, creating a combined institution with $18.0 billion in pro forma assets, $12.5 billion in deposits and over 100 branch offices. Under the merger terms, Northfield shareholders received $14.25 in cash or 1.425 shares of Columbia stock, valuing the transaction at $580 million, with four Northfield directors joining Columbia's board.

•3mo ago

Columbia Financial, Inc. Announces the Results of Its Offering; Final Merger Consideration; and Anticipated Closing Date

Columbia Financial completed the second step of its conversion, selling 167.2 million shares at $10.00 each to raise $1.67 billion in gross proceeds. The company announced the final terms for its concurrent acquisition of Northfield Bancorp, involving a total consideration of $580 million payable in cash, stock, or a combination thereof. Transactions are scheduled to close on July 20, 2026, with existing shareholders exchanging their shares for 2.2x shares of the new company and trading resuming on July 21.

•3mo ago

Columbia Financial, Inc. Announces Receipt of Stockholder and Depositor Approvals of Pending Second Step Conversion and Updated Results of Subscription Offering

Stockholders and depositors approved Columbia Financial's second-step conversion from a mutual holding company to a fully public stock holding company, alongside the simultaneous acquisition of Northfield Bancorp. The subscription offering raised approximately $1.1 billion, and the company plans to launch a firm commitment underwritten offering for remaining shares during the week of July 6 at $10.00 per share. Closing of the transaction is subject to regulatory approvals and the sale of at least 142.4 million shares, with Keefe, Bruyette & Woods serving as lead-left book-running manager.

•3mo ago

CLBK: 8-K · proxy statement

Shareholders of Columbia Financial, Inc. approved the Plan of Conversion and Reorganization and the Agreement and Plan of Merger with Northfield Bancorp, Inc. at the annual meeting held on June 25, 2026. The proposals received overwhelming support, with over 97 million shares voted in favor of each measure. The company elected Dennis E. Gibney, Robert Van Dyk, and James H. Wainwright to three-year terms as directors and ratified KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026. Advisory votes on executive compensation and the frequency of future say-on-pay votes were also approved. Based on the results, the Board of Directors determined that the company will hold an annual advisory vote on executive compensation until the next required frequency vote.

SEC 8-K•4mo ago

Columbia Financial, Inc. Announces Preliminary Subscription Offering Results and Increase in Maximum Purchase Limits

Columbia Financial reported preliminary results for its second-step conversion subscription offering, receiving over 5,000 orders representing approximately $925 million. Due to strong demand, the company increased maximum purchase limits to $8.0 million for individuals and $50.0 million for groups. Shares not subscribed for will be offered to the public at $10.00 per share in a firm commitment underwritten offering led by Keefe, Bruyette & Woods.

•4mo ago

CLBK: DEFM14A · acquisition merger

Columbia Financial, Inc. (CLBK) has filed a joint proxy statement/prospectus for its proposed acquisition of Northfield Bancorp, Inc. (NFBK) and its conversion from a mutual holding company to a fully public stock holding company. The transaction requires approval from stockholders of both companies at meetings scheduled for June 25, 2026. As part of the conversion, Columbia Financial, Inc. is offering up to 192.6 million shares at $10.00 per share to raise capital, with a minimum requirement of 142.4 million shares. The appraised full conversion value is $2.291 billion at the midpoint of the offering range. Northfield Bancorp stockholders will receive either 1.425 to 1.465 shares of Columbia Financial, Inc. common stock or $14.25 to $14.65 in cash per share, depending on the final independent valuation. Following the merger, former Northfield Bancorp stockholders are expected to own approximately 15.43% of the combined entity, while existing Columbia Financial public stockholders will own approximately 84.57%. Both boards unanimously recommend the transactions, which are expected to close in the third quarter of 2026.

SEC DEFM14A•5mo ago

CLBK: 8-K · offering registration

Columbia Financial, Inc. (CLBK) has entered into an Agency Agreement with Keefe Bruyette & Woods, Inc. (KBW) to facilitate its conversion from a mutual holding company to a publicly traded stock corporation. The agreement covers a subscription and community offering of up to 192,625,000 shares of common stock at a fixed price of $10.00 per share, representing a potential gross proceeds of approximately $1.93 billion. The offering is concurrent with the acquisition of Northfield Bancorp, Inc. (NBI), where NBI shareholders will receive either 1.425 shares of CLBK common stock or $14.25 in cash per share, depending on the final independent valuation of NBI. The shares offered in the conversion will represent 73.1% of the company's outstanding shares post-conversion, with the remaining 26.9% issued to existing stockholders of the holding company. KBW will receive a 1.0% fee on shares sold in the subscription offering and a 2.0% fee on shares sold in the community offering. If a firm commitment underwritten offering is required for unsold shares, KBW will act as lead bookrunner with underwriting discounts ranging from 3.15% to 5.0% based on transaction proceeds. The SEC has declared the related Form S-1 registration statement effective, and the Federal Reserve has approved the conversion application.

SEC 8-K•5mo ago